Money

Money Trump calls Fed's expected rate hike 'foolish' and 'incredible'
Author: 0 Trump calls Fed's expected rate hike 'foolish' and 'incredible'

Many economists also see the Fed increasing rates next year, although at a slower pace in the face of a possible economic recession. In September, Fed officials collectively forecast that they would raise rates three times in 2019. Mr. Trump has spent months criticizing the Fed. Still, the Fed is anxious about the economy overheating and says small, gradual interest rate increases are the best way to tap the brakes a bit to ensure inflation doesn't rise too quickly and bubbles don't form.

Money CBS fires CEO Leslie Moonves and denies US$120 million severance
Author: 0 CBS fires CEO Leslie Moonves and denies US$120 million severance

Moonves was eyeing the massive payout - the amount the company put aside into a trust for his severance - even after he stepped down as head of CBS in September amid allegations of sexual harassment. The board said the investigation also found "that the resources devoted to the Company's Human Resources function, to training and development, and to diversity and inclusion initiatives have been inadequate, given the size and complexity of CBS' businesses".

Money Adam Bros. Farming cauliflower, lettuce recalled due to possible E.Coli contamination
Author: 0 Adam Bros. Farming cauliflower, lettuce recalled due to possible E.Coli contamination

The Food and Drug Administration (FDA) on December 13 said its traceback in the ongoing E. coli outbreak linked to romaine lettuce led investigators to the Adams Bros. coli O157:H7'. Joe_Potato via Getty Images Adam Bros. Adam Bros. Farming, Inc.is in Santa Barbara County. The FDA told consumers to avoid romaine lettuce just before Thanksgiving.

Money Google parent co. Alphabet announces $1 B NYC real-estate expansion
Author: 0 Google parent co. Alphabet announces $1 B NYC real-estate expansion

In total, the new campus will cover 1.7 million square feet of space, and Google says the Hudson Square campus will be the primary location for the company's New York-based Global Business Organization-the search giant's sales division. Google already has a big presence in NY with over 7,000 employees located there working on its Search, Ads, Maps, YouTube, Cloud, Technical Infrastructure, Sales, Partnerships, and Research teams.

Money Rocco The Cheeky Parrot Keeps Using Amazon's Alexa To Order Snacks
Author: 0 Rocco The Cheeky Parrot Keeps Using Amazon's Alexa To Order Snacks

The Parrot, named Rocco , has been ordering such treats as strawberries, watermelon, raisins and ice cream. In fact this "skill" had landed Rocco in trouble previously when he had to be relocated from the National Animal Welfare Trust sanctuary in Berkshire due to his "bad language", according to a report by BBC .

Money Don't eat Romaine lettuce from some California counties — CDC
Author: 0 Don't eat Romaine lettuce from some California counties — CDC

Officials from the FDA and the Centers for Disease Control and Prevention have not determined how the water reservoir - which is used to irrigate lettuce - became contaminated. "Farms in Santa Barbara County", FDA Commissioner Scott Gottlieb, M.D., said in a statement. Twenty-three people have been hospitalized, including two people who developed hemolytic uremic syndrome, a type of kidney failure.

Money China to pause 25 percent tariffs on U.S.-made cars
Author: 0 China to pause 25 percent tariffs on U.S.-made cars

China has announced that it will be temporarily reducing tariffs on us automobiles down to previous levels. But just days later, China imposed new additional tariffs of 25% on American-made passenger vehicles as the trade war with the United States escalated.

Money Time to Change Your Password: 25 Worst Passwords of 2018 Revealed
Author: 0 Time to Change Your Password: 25 Worst Passwords of 2018 Revealed

On Dec. 12, password manager Dashlane released its third annual list of the " Worst Password Offenders ", and Kanye West came in first place for protecting his smartphone with a combination of six zeros. "It's a real head-scratcher that with all the risks known, and with so many highly publicised hacks such as Marriott and the National Republican Congressional Committee , that people continue putting themselves at such risk year-after-year".

Money Nissan sues Ghosn's sister while Renault finds no irregularities in his pay
Author: 0 Nissan sues Ghosn's sister while Renault finds no irregularities in his pay

There is speculation that Nissan itself may be indicted in Japan as part of the case against Ghosn. Nissan has dismissed Ghosn as chairman and Kelly as a representative director. French officials have already begun listing possible candidates to replace Ghosn as CEO, three sources close to the company said. "This whole situation may give Nissan the opportunity to reset, and to put all the blame on Renault and Ghosn", said Egor Matveyev, an assistant professor of finance at the MIT Sloan ...

Money China's Tencent Music jumps 11 percent in US debut
Author: 0 China's Tencent Music jumps 11 percent in US debut

The music unit of tech giant Tencent Holdings opened at $14.10 Wednesday on the New York Stock Exchange, jumping almost 9% from the IPO price of $13. Music-centric social entertainment services, which include virtual gifts and premium memberships, accounted for over 70 percent of the $1.65 billion in revenue it made in 2017, the company said in a filing.

Money J&J shares drop 6% following report over asbestos
Author: 0 J&J shares drop 6% following report over asbestos

Johnson & Johnson strenuously rejected the claims made in the article, calling it "one-sided, false and inflammatory". Johnson & Johnson has been involved in a number of lawsuits alleging that its talc powder was the cause of various cases of ovarian cancer and mesothelioma, a rare lung cancer caused by asbestos exposure.

Money Vitaminwater contest offers $100K to ditch your smartphone for a year
Author: 0 Vitaminwater contest offers $100K to ditch your smartphone for a year

At the end of the period, Vitaminwater will order a lie-detector test to see if the competitor was really able to keep his or her hands off the touchscreen. Live the life you've always dreamed and more. How can I teach my kids about relationships when I'm too distracted to practice it? The Coca-Cola subsidiary produces vitamin infused water and with a rich parent like Coke, the company can certainly afford seeding this contest.

Money Qualcomm aims to ban sales of Apple's flagship phones in China
Author: 0 Qualcomm aims to ban sales of Apple's flagship phones in China

For the unaware, Qualcomm recently convinced a Chinese court to issue a temporary ban on the sale of many of Apple's older smartphones in the country. People look at iPhones at the World Trade Center Apple Store during a Black Friday sales event in Manhattan, New York City, U.S., November 23, 2018.

Money Ohio Congressman: We can fund border wall with
Author: 0 Ohio Congressman: We can fund border wall with "WallCoin"

As President Donald Trump threatened to allow a government shutdown if Congress did not provide funding for his proposed wall along the Mexican border, a Republican congressman from OH offered up alternative routes to getting the wall built: through Internet crowdfunding or through an initial coin offering.

Money Bound Southwest Flight Turns Around After Human Heart Discovered Onboard
Author: 0 Bound Southwest Flight Turns Around After Human Heart Discovered Onboard

Once the aircraft landed it was taken out of service, but for an unrelated mechanical issue. Passengers boarded a different plane to continue their journey to Dallas. Dr. Andrew Gottschalk was traveling on the flight and told the paper that while everyone aboard "was happy to save a life", he still thought the incident was a "horrific story of gross negligence".

Money China buys mountain of US soyabeans as trade truce holds
Author: 0 China buys mountain of US soyabeans as trade truce holds

Traders said China made the first major purchase of USA soybeans since Washington and Beijing agreed to a temporary trade truce earlier this month. Trump's tweet came shortly after he agreed with Xi to a truce in the trade war during a meeting at the Group of 20 summit in Argentina.

Money Apple plans new $1bn campus plus big United States job growth
Author: 0 Apple plans new $1bn campus plus big United States job growth

Apple Inc. said it would invest $1 billion to expand its operations in Austin by constructing a new employee campus in the area, large enough to house 15,000 additional employees. The Austin expansion will continue Apple's trend of building offices that run entirely on renewable energy. Apple could be getting some incentives for the Austin expansion in the form of a $25 million grant from the state of Texas, a source familiar with the matter said.

Money Here are the winners and losers from the new farm bill
Author: 0 Here are the winners and losers from the new farm bill

Funding provided by the bill lasts over five years until 2023, reauthorizing $400 billion in USA agricultural subsidies and conservation programs. The legislation reauthorizes crop insurance and conservation programs and legalizes the cultivation of industrial hemp .

Money Shaktikanta Das assumes charge as new RBI Governor
Author: 0 Shaktikanta Das assumes charge as new RBI Governor

Urjit Ravindra Patel who recently resigned as India's Central Bank Governor was born in Kenya, Kenyans.co.ke has established. "Banking is an important segment in our economy and it's facing several challenges that need to be dealt with".

Money Faulty tampons recalled across Canada, U.S.
Author: 0 Faulty tampons recalled across Canada, U.S.

In some cases, this defect resulted in pieces of the tampon breaking off and being left in the body, which required medical attention to remove, the statement said. According to a release from the Food and Drug Administration, the products were manufactured between October 7, 2016, and October 2018. The company urges any customers who have experienced any of these symptoms after using this particular product to seek immediate medical attention.

Money USA investment banks see low oil prices despite OPEC cut
Author: 0 USA investment banks see low oil prices despite OPEC cut

The agreement to cut crude supplies by 1.2 million barrels a day, was in the middle of the range of expectations from the beginning of last week. UAE Energy Minister Suhail Al Mazroui has said that Qatar's decision to withdraw from OPEC would not affect the continuation of production.

Money Australian watchdog wants a regulator for Google, Facebook
Author: 0 Australian watchdog wants a regulator for Google, Facebook

The Australian Competition and Consumer Commission (ACCC) has indicated the need for potential new regulations to stop major tech companies from abusing their power to the detriment of Australia's media and digital advertising industries.

Money British PM delays Brexit deal vote but European Union warns no renegotiation
Author: 0 British PM delays Brexit deal vote but European Union warns no renegotiation

May will face a vote in her leadership, a Conservative Party official says. May's decision to pull the vote on her Brexit deal enraged MPs who oppose the accord she reached in Brussels. Since she became prime minister in July 2016, Mrs May tried her best to heal the divides by appointing leading Brexiters such as Boris Johnson as foreign secretary.

Money Congress Grills Google CEO On Bias, Privacy, China
Author: 0 Congress Grills Google CEO On Bias, Privacy, China

News stories and blog posts like this one, in other words, are going to ensure that Trump stays a top search result whenever someone queries Google images for the word 'idiot '. "We now don't plan on having a search product there". Charges of bias against Google's search engine gained momentum in August when President Trump lashed out at the tech giant in a pair of tweets.

Money China grants Qualcomm a ban on some iPhone sales
Author: 0 China grants Qualcomm a ban on some iPhone sales

The company has termed this as another desperate move by its former chain partner and has vowed to pursue all its legal options, according to the statement given below. Instead, this is a matter of Qualcomm using its considerable resources and patent portfolio to force a deal with Apple . It has used the common industry tactic of seeking bans on potentially infringing products to try to force a settlement.

Money Bail hearing for Huawei CFO continues for third day in Vancouver court
Author: 0 Bail hearing for Huawei CFO continues for third day in Vancouver court

If convicted, she faces more than 30 years in prison. Meanwhile, the Chinese government is threatening consequences and demanding Meng's release. Meng Wanzhou , Huawei Technologies Co. "I now have difficulty eating solid foods and have had to modify my diet to address those issues". It could take as long as months or years to resolve the question of Meng's extradition to the United States, time which the defendant would have to spend in jail if bail is not granted.

Money Macron announces Tax cuts, wage hikes
Author: 0 Macron announces Tax cuts, wage hikes

Graffiti throughout the French capital singles Macron out for criticism, reflecting a national sense that the 40-year-old centrist former banker is arrogant and out of touch. In a massive climbdown he then vowed to increase the minimum wage by 100 euros per month from 2019. Macron also rolled back most of an unpopular increase in taxes on pensioners which was introduced by his government.

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